Sellers don’t want to be buyers in this red hot Vancouver housing market when it comes to tangible product. Unfortunately, new condo development in Downtown Vancouver is no where to be seen. Sure, there are a few pre-construction projects that recently came to market and sold out quickly this past Spring. But I’m looking out towards later this year and next year and see very little new construction on the way. If the City of Vancouver is really interested in making Real Estate more affordable they will tackle the supply problem instead of trying to curb demand with new taxes.

I just finished uploading this Townhouse for sale, 50 8111 SAUNDERS ROAD, Richmond, BCNESTLED IN THE BACK CORNER OF POPULAR OSTERLEY PARK THIS 3 BEDROOM END UNI IS QUIET AND HAS A LARGE PRIVATE BACK YARD PATIO AREA. THE UPDATES INCLUDED A REMODELED KITCHEN WITH ISLAND AND RECESSED LIGHTING, 3 REMODELED BATHROOMS, CALIFORNIA SHUTTERS, GAS FIREPLACE, FINISHED ATTIC, CROWN AND FLOOR MOLDING THROUGHOUT, LAMINATE FLOORS AND A NEW HOT WATER TANK. OSTERLEY PARK IS ADULT ORIENTED WITH AWARD WINNING PARK-LIKE SETTING, A FULLY EQUIPPED RECREATION CENTRE AND WORKSHOP.

Not much has changed since my Spring 2016 market update. We are still in a record setting sellers market. The only difference is that I’m starting to see a few early stages of buyer fatigue setting in. Where instead of getting 8 offers on a property we’re only getting 4. Lack of inventory and record low interest rates will keep prices high for the foreseeable future. For this market to change we will need some sort of catalyst such as an interest rate hike or some kind of new tax imposed by the provincial Government.

I just finished uploading this House for sale, 9591 DIAMOND ROAD, Richmond, BCWelcome to Seafair Richmond!Well maintain house with large lot: 67' x 107.5' = 7218 sq ft. This house has high and bright ceiling in the foyer. Spacious kitchen and nice family room with 4 bedrooms. The huge master room is built on the main floor with walk-in closet with double sink on bathroom. Long driveway good for RV parking. Built in security system. Fully fenced and wonderful backyard.! Few steps to Alfred Dixon Elementary and Hugh Boyd High School, Seafair Shopping Mall. A dream house you don't want to miss!

I just finished uploading this Condo for sale, 2808 8131 NUNAVUT LANE, Vancouver West, BCFabulous 2 bdrm, 2 full bath in MC2 by Intracorp. With sweeping views SE, S, W and NE this brand new unit is ready to move-in. Features include stainless steel Blomberg appliances, Ceasarstone countertops, Grohe plumbing fixtures and Jaga Briza cooling system. Building amenities include lounge, fitness centre, putting green, bbq area and concierge service. With Skytrain at your doorstep your mins from Oakridge, downtown & Richmond. Walking distance to theatres, restaurants & shopping. Includes 1 parking, locker and bike locker.

I was speaking with several home inspectors last week. They told me that the number of home inspections they are doing these days is down over 30%. The reason being that in this ultra hot Vancouver sellers market, more and more buyers are in competition. So, to make their offer more appealing to the seller they are writing the offer subject free. Subject free offers can be very dangerous if you don’t take some precautions and do your homework before you write. In this video I will tell you some of the ways you can reduce your risk before you write that subject free offer.

There are a myriad of ways that both buyers and sellers can be penny wise and pound foolish in this market. Trying to save a few bucks in commission but leaving thousands on the table in the final selling price. In this video I will explore why you always get what you pay for. Especially when it comes to buying and selling real estate in an ultra hot market like Vancouver.

Vancouver magazine has just published their annual rankings on all 60 Vancouver neighbourhoods. Not surprising, the top neighbourhoods all have a high walk score and community feel to them. You don’t need to jump in your car to get anywhere. This is a trend I have been seeing for the last 5 years now. More and more people are getting tired with the daily commute and want to live in areas where they can walk or bike to work, shopping and entertainment.

I just finished uploading this House for sale, 5291 WOODWARDS ROAD, Richmond, BCBuilt by Dava. House is facing South and looking into City park. Very well kept and excellent & functional layout. 5 bedrooms, 4 full baths with 2 ensuites up and double cars garage. 2 sky lights. Built-in central vacuum system. Radiant heating on main floor and hot water base board heating on second floor. 6 yrs new roof, 5 yrs laminate floorings and 3 yrs hot water tank. Private fenced back yards. Walk to Jessie Wowk Elementary and Richmond Christian Elementary School. Steveston London Secondary catchment. Close to transportation and shopping. All measurements are approximately and must be verified by Buyers. 1st showing on May 7 (Saturday) open house 2 - ...

I just finished uploading this Condo for sale, 206 2815 YEW STREET, Vancouver West, BCAbsolutely Gorgeous 2 bedrooms condo in the Arbutus Walk neighborhood!! Completely renovated in 2015 from top to bottom with tasteful design. Functional open floor plan with perfect size dining and living room for entertainment. Gourmet kitchen with high quality granite countertop & high end stainless steel appliances. Miele washer & dryer and new hot water tank. Laminated flooring and tile throughout. Electrical floor heating in Master En-suite. Custom-made walk-in closet. Bright SE corner with lots of sunlights. 1 parking with private locked storage and bike room. Steps away from park, community center, City Market, school and transportation. Carnav ...